Acadian Timber (TSE:ADN) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Acadian Timber Corp. (TSE:ADN) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$17.19 and traded as high as C$18.01. Acadian Timber shares last traded at C$17.74, with a volume of 5,555 shares.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada raised their price target on shares of Acadian Timber from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a research report on Thursday, April 16th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Acadian Timber currently has an average rating of “Moderate Buy” and an average target price of C$18.25.

Acadian Timber Trading Up 0.6%

The company has a current ratio of 0.85, a quick ratio of 1.04 and a debt-to-equity ratio of 30.96. The company has a market cap of C$327.41 million, a PE ratio of 6.62, a P/E/G ratio of -4.84 and a beta of 0.36. The company has a fifty day simple moving average of C$17.61 and a two-hundred day simple moving average of C$17.19.

Acadian Timber (TSE:ADN) last announced its quarterly earnings data on Wednesday, August 5th. The company reported C$0.07 earnings per share (EPS) for the quarter. Acadian Timber had a return on equity of 13.97% and a net margin of 57.04%.The business had revenue of C$14.56 million during the quarter. Analysts anticipate that Acadian Timber Corp. will post 1.0095345 EPS for the current year.

About Acadian Timber

Acadian Timber Corp is a Canada-based supplier of primary forest products in Eastern Canada and the Northeastern United States. The company’s operating segments include NB Timberlands and Maine Timberlands. It generates maximum revenue from the NB Timberlands segment. The company’s product includes softwood and hardwood sawlogs, pulpwood and biomass by-products.